Notice of Award
LEGAZPI Premium Development Corporation
Rizal Street, Cabangan, LegazpiCity, Albay
Dear Sir / Madame:
We are happy to notify you that the REHABILITATION AND IMPROVEMENT OF RIVER CONTROL AND RECHANNELING/DEEPENING ALONG OKOY RIVER, SIBULAN, NEGROS ORIENTAL (P 200,000,000.00) is hereby awarded you as the Bidder with the Lowest Calculated Responsive Bid at a Contract Price equivalent to One Hundred Ninety Nine Million Eight Hundred Sixteen Thousand One Hundred Fifty Six and 80/100 Pesos (P 199,816,156.80).
You are therefore required, within ten (10) calendar days from the receipt of this Notice of Award, to formally enter into contract with us, and to submit the Performance Security in the form and the amount stipulated in the Instructions to Bidders. Failure to enter into the said contract or provide the Performance Security shall constitute a sufficient ground for cancellation of this award and forfeiture of your Bid Security.
Very truly yours,
Hon. ROEL R. DEGAMO
Name of Bidder: LEGAZPI Premium Development Corporation